‘Offshore’ means different things to different people and is often used within the context of financial services and banking. In its simplest form offshore means situated or registered abroad. In terms of investments and banking it usually relates to investments which are held in a different country or jurisdiction to the one in which you live (your country of residence).
What are the Benefits of Investing Offshore?Investing and saving ‘ offshore’ in this way can offer an investor a variety of benefits from increased protection of your wealth to potential tax advantages.
- You can gain access to diverse types of investments or other financial products that might not be available in your home country. This increased level of investment freedom and flexibility enables an investor and their offshore financial adviser to construct an investment portfolio which may achieve higher annual returns than a more traditional based investment portfolio.
- You can protect your wealth by investing in highly regulated and secure jurisdictions like Guernsey, the Isle of Man or Jersey. This is particularly useful for those who are living or working in countries where they are not comfortable holding all of their wealth.
- If you live in more than one country or plan to move to another country you can benefit by holding some of your wealth internationally, as it is easier to access and you can hold it in the currencies of both countries.
- There may be certain tax advantages to keeping your investments outside of your home country. This depends on where you live and where you pay tax.
For more information about offshore investments, please contact us. Offshore Bond Investor offers increased allocation rates and cash rebates on all offshore investments.